Concho Resources Inc (N:CXO)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 600 W Illinois Ave
MIDLAND TX 79701-4882
Tel: 1-432-6852533
Website: https://www.concho.com
IR: See website
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Key People
Timothy A. Leach
Chairman of the Board, Chief Executive Officer
Erick Wild Nelson
Senior Vice President - Operations and Production
Jack F. Harper
President
Brenda R. Schroer
Chief Financial Officer, Senior Vice President, Treasurer
C. William Giraud
Chief Operating Officer, Executive Vice President
Travis L. Counts
Senior Vice President, General Counsel, Corporate Secretary
Clay Bateman
Senior Vice President - Assets
Gayle L. Burleson
Senior Vice President - Business Development and Land
Keith Corbett
Senior Vice President - Corporate Engineering and Planning
Scott M. Kidwell
Senior Vice President - Administration
   
Business Overview
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.
Financial Overview
For the three months ended 31 March 2020, Concho Resources Inc revenues decreased 16% to $922M. Net loss increased from $695M to $9.28B. Revenues reflect Oil Equivalent Production (Units/day), T decrease of 1% to 326K barrels per day, Natural Gas Sales decrease of 70% to $50M, Oil Sales decrease of 7% to $872M. Higher net loss reflects Avg. Production Costs per Barrel, Total increase of 1% to $9.73 per barrel.
Employees: 1,453 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $13,477M as of Mar 31, 2020
Annual revenue (TTM): $4,410M as of Mar 31, 2020
EBITDA (TTM): $43.00M as of Mar 31, 2020
Net annual income (TTM): -$9,288M as of Mar 31, 2020
Free cash flow (TTM): $5.00M as of Mar 31, 2020
Net Debt Last Fiscal Year: $3,791M as of Mar 31, 2020
Shares outstanding: 196,701,580 as of Apr 27, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization